Majuba Hill Copper Corp (CSE:JUBA) announced the completion of two holes as part of its 2022 deep core drilling program at the Majuba Hill porphyry copper pq1roject in Nevada.
The company drilled hole MHB-27 to 3500 feet (1067 meters) and MHB-28 to 1796 feet (547 m), at which point core from both holes was logged on site and submitted to ALS USA Inc for analysis.
Copper enrichment with chalcocite and native copper, intense porphyry alteration, and sulfide mineralization continued to the bottom of MHB-27, the company said. The remarkable depth of the copper porphyry system is consistent with the deep IP/Resistivity and the drone magnetic geophysical modeling and interpretation.
READ: Majuba Hill reports impressive copper equivalent values from its flagship porphyry copper project in Nevada
"Finding more copper enrichment with chalcocite and native copper in MHB-27 and MHB-28 is very encouraging for the size of the upper zones of copper mineralization,” said Buster Hunsaker, consulting geologist to Majuba Hill Copper and a member of the advisory board.
“The correlation of the mineralization and alteration logged MHB-27 and 28 deep core holes shows a very strong and robust copper porphyry. The intense alteration in the deep holes combined with the near-surface enrichment greatly increases the potential for Majuba Hill to become a very significant copper deposit, that can be mined from the surface by open pit methods."
Additionally, geologic modeling based on logging details indicates that more copper mineralization will be found deeper as the company continues to drill. Drilling of hole MHB-29 is currently underway with a target depth of 3000 to 3500 feet (914-1067 m).
“The incredible depth and the continued presence of the copper porphyry system at Majuba is very encouraging,” CEO David Greenway said. “Having a project with this scale and strength in a Tier 1 location with well-developed infrastructure and access is exciting. I look forward to getting the assay results from our 2022 core drilling program."
Majuba Hill Copper is engaged in the identification, review and acquisition of latter-stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals.
The flagship project is the Majuba Hill copper, silver and gold district located 156 miles outside Reno, Nevada. Management has been mandated to focus on safe, mining-friendly jurisdictions where government regulations are supportive of mining operations.
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